Most Insurers In Risk Corridor Class Actions Settle With DOJ For About $3.7B

By Amy Lotven / July 22, 2020 at 4:46 PM
Most insurers participating in two class action suits against the government over the Affordable Care Act’s temporary risk corridors problem have settled with the Department of Justice and the classes are slated to get more than $3.7 billion in payments owed for the 2014, 2015 and 2016 benefit years. The case continues, however, as both have split into subsets that include insurers disputing HHS’ attempt to deduct payments that plans owe for other reasons. The ACA’s risk corridor program aimed...

Not a subscriber? Sign up for 30 days free access to exclusive, detailed reporting on drug pricing reforms, Medicaid policy, FDA news and much more.